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Chairman Calls For Compliance With Fiscal Responsibility Act
The Chairman of Fiscal Responsibility Commission, Alhaji Aliyu Yelwa, has called on the Ministries, Departments and Agencies (MDAs) to adhere to the rules and regulations under the Fiscal Responsibility Act.
Yelwa told newsmen Monday in Abuja that strict compliance with the provisions of the Act would ensure transparency and accountability.
He said the commission had noticed some level of improvement in the rate of compliance with the Act among the MDAs because there was enough awareness about it.
The chairman noted that before the establishment of the commission, many MDAs would not bother to submit annual reports in terms of what they had done with the funds allocated to them.
He said the level of the MDAs’ response to the commission’s correspondence, reaching more than 90 per cent, showed that they displayed transparency and accountability.
Yelwa, however, said that the commission was still awaiting the 2011 first quarter reports from the MDAs ‘“because the 2011 budget did not come into being until June.
“If we comply with it, we would get a better and well managed economy and the country would be able to achieve its aim for the Vision 20:2020,” he said.
Yelwa explained that if the provisions of the Act were strictly adhered to, the nation’s credibility in the comity of nations would be enhanced.